Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $28 | $32 | $33 | $34 | $36 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $59 | $69 | $61 | $43 | $53 |
Over the past five years, Camden National Corp’s reported revenue has shown steady growth, rising from USD 27.74 million in 2020 to USD 35.69 million in 2024. This growth represents an overall increase of approximately 29% across the period, with annual increments generally positive—most notably a jump from 27.74 million to 31.95 million between 2020 and 2021. However, the gross profit and operating income lines are reported as zeros, which suggests these metrics may not be applicable or reported differently for this company. With Camden National operating in a sector where nuances like net interest margins, fee income, and credit quality drive profitability, reliance on net income figures becomes crucial. Net income over these years has been more volatile. Starting at USD 59.49 million in 2020, it increased to USD 69.01 million in 2021, reflecting roughly a 16% improvement. However, earnings then fell to USD 61.44 million in 2022, and more notably dropped by nearly 29% to USD 43.38 million in 2023, before recovering to USD 53.00 million in 2024. The significant year-over-year decline from 2022 to 2023 stands out and may indicate heightened credit risks, increased operational expenses, or changes in interest rate environments impacting margins. Overall, while revenue growth suggests a stable top-line performance, the swings in net income point to potential operational or market challenges. Based solely on these data-driven metrics, Camden National appears to maintain a sustainable revenue base but must manage earnings volatility and associated risks to sustain overall financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.